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Canadian Economy Contracts In November

posted by busybee 1212 days ago in CAD, Fundamental made popular 1212 days ago

The Canadian economy contracted for a second consecutive month in November, signaling recession for the world's eighth biggest economy. Canada's real gross domestic product fell 0.7% in November as essentially all major sectors reduced production

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GDP Shows Smaller Than Expected Decrease In Q4

posted by busybee 1212 days ago in USD, Fundamental, GDP made popular 1212 days ago

Economic activity contracted at a much slower than expected pace in the last three months of 2008, according to a report released by the Commerce Department on Friday, although the data still confirmed that the U.S. economy was in recession in th

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U.S. Employment Cost Index Rises 0.5% in the Fourth Quarter

posted by jirachi 1212 days ago in Employment

Total compensation for civilian workers increased 0.5% in the fourth quarter of 2008, the Department of Labor reported Friday, less than economist expectations.

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Greece Retail Sales Decline In November

posted by InvestorsChoice 1212 days ago in EUR, Retail Sales

Friday, the General Secretariat of the National Statistical Service of Greece said that retail sales volume at constant prices declined 4.8% year-over-year in November.

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Gold price surges to historic high

posted by chezka 1212 days ago in Gold

Gold prices were quoted historic high on Friday as traders and stokiests started rake in the yellow metal in order to treat forth coming wedding season. Consumers cashed in by selling scrap gold on prevailing higher rates.

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Euro falls further against dollar to $1.2875

posted by jonell 1212 days ago in USD, EUR made popular 1212 days ago

The euro fell further against the dollar Friday, despite news out of the U.S. that unemployment levels had reached record highs.

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European Inflation Rate Falls, Unemployment Increases

posted by penpip 1213 days ago in EUR, Fundamental, Inflation made popular 1212 days ago

Europe’s inflation rate fell more than economists forecast to the lowest since the year the euro was introduced and unemployment rose for a fifth month, giving the European Central Bank more scope to cut interest rates further.

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Japan Heads for Worst Recession as Output Tumbles

posted by dotcom 1213 days ago in JPY, Fundamental, GDP made popular 1212 days ago

Japan headed for its worst postwar recession as factory production slumped an unprecedented 9.6 percent, NEC Corp. said it will cut more than 20,000 workers and Hitachi Ltd. forecast a record loss.

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Economy in U.S Probably Contracted at Fastest Pace Since '82

posted by post-it 1213 days ago in EUR, Fundamental, GDP made popular 1212 days ago

The U.S. economy probably nosedived in the final months of last year, a trajectory that’s likely to continue in early 2009 as soaring unemployment wallops consumer spending, economists said before a government report today.

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New Zealand Has still Room for Further Rate Cuts: RBNZ Chief

posted by blitz 1213 days ago in NZD, Fundamental, Inflation made popular 1212 days ago

Friday, Reserve Bank of New Zealand Governor, Alan Bollard said there is still room for the central bank to cut the official cash rate, or OCR, further in response to adverse economic developments.

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Japan Dec Industrial Output -9.6% on Month

posted by strawberry 1213 days ago in JPY, Fundamental made popular 1213 days ago

Industrial output in Japan was down 9.6 percent in December compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday, posting an index score of 84.6 and marking the statistic's largest monthly decline since Tokyo

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Investors worried over gold, platinum & silver ETFs?

posted by neorix 1213 days ago in Gold, Metals made popular 1213 days ago

Even though the world is gung-ho over the gold demand and rising bullion prices, there are sceptics who doubt the potential of gold, silver and platinum in the coming days.

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